Latest News In Digital Payment - UK Cashless Future Growth Driven By Innovation And Partnerships

The digital payment landscape in the United Kingdom is witnessing significant expansion, particularly in the prepaid card and digital wallet sector, with an anticipated growth rate of 10.3% annually to reach $59.83 billion by 2025. This growth is largely attributed to increased adoption of digital payment systems, collaborative efforts between banks and fintech companies, and the rapid expansion of the e-commerce market. Trends such as these are shifting consumer preferences towards a cashless economy, with prepaid cards becoming more integrated into digital wallets for secure transactions. Regulatory developments are also playing a crucial role in ensuring consumer protection and industry standardization, though these may lead to higher compliance costs for businesses. As the market continues to grow, key industry players and newcomers alike are focusing on innovation and strategic partnerships to stay competitive.

In other market news, Shinhan Financial Group (KOSE:A055550) was trading firmly up 4.6% and ending trading at ₩65,900, not far from its 52-week high. Meanwhile, Emirates Islamic Bank PJSC (DFM:EIB) softened, down 5.7% to end the day at AED10.85.

Shinhan Financial Group's ambitious 2025 strategy targets increased ROE through efficient asset management and shareholder returns while aiming for a 42% shareholder return ratio. Discover more about this strategic vision and its potential impact by clicking here.

In our Market Insights article "The Winners and Losers From The Stablecoin GENIUS Act," we explore how this pivotal legislation could reshape digital payment landscapes, impacting stablecoin growth and related stock opportunities. Don't miss it before changes take hold!

Best Digital Payment Stocks

• SoFi Technologies (NasdaqGS:SOFI) finished trading at $18.57 up 2.5%, not far from its 52-week high.
• Visa (NYSE:V) settled at $358.86 up 1.3%, hovering around its 52-week high.
• PayPal Holdings (NasdaqGS:PYPL) finished trading at $76.59 up 0.4%.

Next Steps

• Gain an insight into the universe of 204 Digital Payment Stocks, among which are Nu Holdings, Sumitomo Mitsui Financial Group and Banco Bilbao Vizcaya Argentaria, by clicking here.
• Curious About Other Options? These 16 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "United Kingdom Prepaid Card and Digital Wallet Market Report 2025-2029: UK Prepaid Card Market Set for Competitive Growth - Key Players Eye Innovations" from Research and Markets on GlobeNewswire (published 07 July 2025)

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